WPP (LON:WPP) Hits New 1-Year Low – Here’s What Happened

WPP plc (LON:WPP) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 626 ($7.87) and last traded at GBX 626.20 ($7.87), with a volume of 41415238 shares traded. The stock had previously closed at GBX 770.20 ($9.69).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. decreased their target price on WPP from GBX 1,040 ($13.08) to GBX 960 ($12.07) and set a “neutral” rating for the company in a research note on Tuesday, January 7th.

WPP Stock Performance

The company has a market cap of £6.94 billion, a P/E ratio of 34.02, a PEG ratio of 13.47 and a beta of 1.13. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 215.67. The company has a 50 day moving average price of GBX 767.73 and a 200-day moving average price of GBX 782.95.

WPP (LON:WPP) last released its earnings results on Thursday, February 27th. The company reported GBX 50.30 ($0.63) earnings per share for the quarter. WPP had a return on equity of 5.92% and a net margin of 1.37%. Equities analysts expect that WPP plc will post 81.6125654 EPS for the current fiscal year.

Insider Buying and Selling

In other WPP news, insider Joanne Wilson sold 8,794 shares of WPP stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of GBX 860 ($10.81), for a total value of £75,628.40 ($95,106.14). 0.22% of the stock is owned by corporate insiders.

WPP Company Profile

WPP is the creative transformation company, using the power of creativity to build better futures for our people, planet, clients and communities.

At WPP we’re reinventing creativity on an ever-broader canvas, bringing together unrivalled talent, resources and skills to provide an integrated offer of communications, experience, commerce and technology for clients.